I am usually giddy with excitement the night before a thrifting trip. I love the anticipation of finding what might be my next great eBay sale. I don’t mind measuring, steaming, or photographing my items either, since I’ve usually got a great podcast playing during all of that. <Moment of silence to mourn the end of Serial.>
I do not love bookkeeping.
Personally, I’m happy with just seeing my Paypal account grow. I don’t really have a huge desire to see every little penny accounted for. When I was first getting started on eBay, the thought of having to keep up with all my income and expenses for tax purposes was daunting.
That was before I tried Easy Auctions Tracker.
Oh my goodness. Easy Auctions Tracker is such a godsend for eBay sellers! It was very clearly designed by a fellow eBay seller, because it has everything you need to keep track of all the information relevant to an eBay business. I’ve used both Outright (aka GoDaddy Bookkeeping) and Easy Auctions Tracker, and I have decided that the latter meets my needs so much better than the former. (And it’s cheaper!)
I could probably go on and on about how much I love this little spreadsheet, but I’ll list my top reasons below:
It has been tested and certified by eBay.
I was a little leery of using something other than Outright, since that’s the program that’s so often recommended by fellow eBay sellers, and I didn’t want to spend money on a product that wasn’t going to work properly. However, knowing that Easy Auctions Tracker has been tested and certified by eBay calmed my worries about its utility.
It imports your data with one click.
Whenever you open the spreadsheet, you can click one button to import sales, shipping charges, shipping costs, eBay fees, and Paypal fees, among other things. (Make sure you do this at least once every three months– it can only import the last 90 days of data.) It just doesn’t get easier than that.
There’s a sheet for inventory tracking.
This is really where Easy Auctions Tracker outperforms Outright. While I liked how I could link my PayPal card to Outright to keep up with expenses, I was at a loss when it came to categorizing my thrift store trips. You can’t count inventory as an expense until it sells, so how are you supposed to categorize it in the meantime? It was really throwing off my calculations. Easy Auctions Tracker has an inventory sheet that allows you to put in each item that you have on hand and how much you paid for it. You can even set it up to automatically pull your cost from the inventory sheet, so that when the spreadsheet imports your sales from eBay, the COGS ends up right where it should be. Genius! (And how on earth does Outright not have that function?!)
The “Profit & Loss” sheet is the perfect summary of sales and expenses.
It has everything you need and nothing you don’t! You can see a screenshot of my December 2014 Profit and Loss on this post.
Their customer service is out of this world.
I was having some serious technical issues on my end when I first downloaded the spreadsheet. It had nothing to do with the spreadsheet and everything to do with my horribly old computer. (We have a new one now!) I had to email Easy Auctions Tracker support several times, and they always returned my emails super quickly and professionally.
The only thing I wish I could change about the software would be for it to be web-based. Since it’s not, you have to make sure you back up your data very frequently. However, that minor inconvenience is totally overshadowed by how great the program is as a whole.
If you are looking for a way to track your eBay income and expenses, I wholeheartedly recommend Easy Auctions Tracker!
Here’s the part where I let you know that those are affiliate links. If you click on them and purchase Easy Auctions Tracker for yourself, I will receive $5, with no extra cost to you. (Thanks!!) If, however, you are allergic to affiliate links, you are free to Google “easy auctions tracker” and get to the website that way.